MT5 (MetaTrader 5) stands as one of the most elite trading platforms offered by Exness, designed to empower traders with a comprehensive suite of tools and features to enhance their trading efficiency and effectiveness. With data from Exness confirming its status as one of the most dynamic trading environments, traders worldwide are drawn to its robust capabilities daily. This guide from EX Trading will walk you through the specifics of the Exness MT5 platform.
Overview of Exness MT5
MT5 is a sophisticated upgrade from the renowned MT4 (MetaTrader 4), offering a plethora of new, practical functionalities tailored for expert traders ready to delve into complex trading systems with sophisticated chart analysis. It builds on its predecessor’s strengths, delivering an enhanced trading experience through revolutionary technology and advanced charting tools, allowing for agile and more effective trading than the MT4.
What is MT5 Exness?
Exness MT5 is part of Exness’s offering as a premium broker. It provides an extensive array of technical indicators and analytical tools, supporting traders in making precise, informed trading decisions. For those seeking to excel in financial markets, mastering the Exness MT5 is an essential step towards professional trading. To fully leverage its features, it’s helpful to understand more about the broker Exness and get a clear answer to the question, What is Exness?
Why should you use MetaTrader 5 Exness?
Since its launch, MT5 has captivated Exness users with its revolutionary, streamlined user interface. Its versatility extends beyond Forex to include stocks, indices, and commodities, ensuring that investors, from beginners to seasoned experts, can seamlessly adapt to and benefit from its capabilities.
1. Superior Programming with MQL5
The Exness MT5 platform boasts a robust programming environment with MQL5, enabling the creation of intricate Expert Advisors (EAs), indicators, and scripts. Its advanced language capabilities provide faster processing and the facility to employ “black box” programming, enhancing the development of sophisticated trading robots. Additionally, the MQL5 community chat fosters an excellent platform for exchanging ideas and experiences with a global network of investors and programmers.
2. Familiar Interface with Advanced Capabilities
Despite its advanced features, Exness MT5 retains an interface similar to MT4, ensuring a smooth transition for existing users. This thoughtful design means users can explore powerful new features without the hassle of a cumbersome learning curve.
3. Diverse Analysis Tools and Time Frames
Exness MT5 is bolstered by a vast selection of tools including 38 technical indicators, 22 analytical tools, and 46 graphical objects. With 21 timeframes, traders gain a comprehensive market perspective, pivotal for developing sophisticated trading strategies.
4. Real-time Information and Depth of Market
With tick-by-tick data and a Depth of Market (DOM) feature, MT5 provides critical real-time information essential for strategic trading execution and optimal entry/exit positioning.
Exness MT5 vs. MT4: What is the difference?
MT5 arrived on the scene five years post the introduction of MT4, offering significant enhancements. Here’s a snapshot of the key differences:
- Language: MT5 employs MQL5, a more robust Object-Oriented Programming language, compared to MT4’s MQL4. This advancement provides speed and efficiency in backtesting.
- Backtesting: MT5 supports multi-threaded backtesting and allows for multi-currency strategy testing, significantly reducing the time and increasing the efficacy of these processes.
- Markets: MT4 is exclusive to Forex trading, while MT5’s multi-asset capabilities extend to Forex, Stocks, Futures, and Commodities.
- Pending Orders: MT5 accommodates six variations of pending orders, as opposed to MT4’s four, facilitating more nuanced trading approaches.
Simple Steps to Download and Install MT5 Exness
Embark on your trading journey by downloading MT5 tailored for your device:
Download MT5 Exness for PC
Step 1: Access the official Exness website. From the “Platforms” menu, choose “MetaTrader 5”.
Step 2: Hit the “Download” button to save the setup file to your computer.
Step 3: Launch the “exness5setup.exe” file. Click “Next” to proceed.
Step 4: After installation, click “Finish”. Upon completion, the platform opens automatically.
Step 5: Use your Exness trading account credentials to log in (ID, Password, and Server).
Download Exness MT5 for Smartphone (iOS/Android)
Step 1: Navigate to Google Play (Android) or the App Store (iOS), search for “MetaTrader 5”, and select Download/Get.
Step 2: Open the app and head to Settings > New Account, then enter “Exness Technologies” in the broker search bar.
Step 3: Choose your respective server (e.g., Exness-MT5Real) and enter your login ID and Password.
Step 4: Upon logging in, the Quotes screen appears, and you’re ready to trade.
See more: Create Exness Account: Instructions for on your phone
How to Trade on Exness MT5
1. How to Place Orders
Market Execution: Press F9 or select “New Order” from the toolbar.
- Symbol: Choose your trading asset, such as EURUSD or XAUUSD.
- Volume: Specify your lot size.
- Stop Loss / Take Profit: Establish risk management levels.
- Type: Opt for “Market Execution”.
- Proceed with “Buy by Market” or “Sell by Market”.
Pending Orders: Switch the “Type” field to “Pending Order” and explore options like Buy Limit, Sell Limit, Buy Stop, Sell Stop, Buy Stop Limit, or Sell Stop Limit. Define the price and confirm with “Place”.
2. How to Close or Modify Orders
- Close Order: From the “Toolbox” window (Trade tab), right-click the desired open position and select “Close Position”, or directly click the “X” symbol on the trade row.
- Modify Order: Right-click the trade position and choose “Modify or Delete” to adjust Stop Loss or Take Profit settings.
Should I use Exness MT5 on PC or Mobile?
- PC Version: Ideal for comprehensive technical analysis, leveraging custom indicators, and simultaneously handling multiple charts. The preferred choice for dedicated traders.
- Mobile Version: Best for monitoring trades, rapid order execution, and position management while on the move, offering unparalleled flexibility for active traders.
Many professionals adopt a dual approach: utilizing PCs for in-depth analysis and setup, complemented by mobile devices for real-time monitoring.
How to Login to Exness on MT5 (PC)
Step 1: Open the MT5 application on your computer.
Step 2: Navigate to “File” > “Login to Trade Account”.
Step 3: Input your Login (Account number), Password, and select the appropriate Server, then press “OK”.
See more: Types of Exness accounts: Overview that you should know
Conclusion
The Exness MT5 platform epitomizes modern, efficient trading, catering to both beginner and professional traders alike. With the guidance from EX Trading, accessing, and harnessing the potential of this platform for enhanced trading performance is straightforward. Begin your Exness MT5 experience today and enjoy unparalleled trading speeds and cutting-edge analytic tools. Here’s to prosperous trading journeys ahead!
FAQ
Is there a fee to use Exness MT5?
The Exness MT5 platform is entirely free. However, be aware of trading costs like spreads and commissions, which are based on your account type and trading volume.
Can I use my MT4 account on MT5?
No, MT4 and MT5 operate on different servers. Opening a separate MT5 trading account in your Exness Personal Area is necessary to engage in MT5 trading.
Who is Exness MT5 suitable for?
While MT5 is open to all, it is specifically advantageous for professional traders seeking advanced charting and timeframes, backtesting facilities, and opportunities in stock trading. While MT4 may appear simpler for beginners, MT5 provides a future-ready choice for evolving trading needs.
